RE: RE: LCC Shorts: read and weep... http://goo.gl lovelcc, I'm also a paying subscriber to BT from BG in Belgium so why should Argentina be a bad thing ? Read his N°12-issue of 20 march. Many believe that a new YPF-nationalization scenario is threatening LCC. As you may recall on this reports, this scenario is almost out of the question for 9 important reasons:
1) The nationalization beginning 2012 of YPF was a one-time act.
2) Nationalizing the mining sector would give the already suffering Argentinian economy a devastating blow, there is no more room left for these kind of "games".
3) Such an act would chase out almost all foreign investments out of the country. THEY ARE IN DESPERATE NEED FOR FOREIGN CURRENCY SINCE THEIR ECONOMY IS SUFFERING HARD RIGHT NOW WITH A VERY HIGH INFLATION RATE !!!
4) Argentina has no more money left to start up themselves even one single mining project (like LCC).
5) mining is NOT the authority of the national government, it is completely in the hands of the provences.
6) Ross Beaty - main shareholder of LCC - has proclaimed himself that he will start immediately a new project in the Salta-provence in Argentina once LCC has been sold !!! Very important !!!
7) There will be a high probability thet the Argentinian peso will be devaluated once again in the near future. This means Argentina can export commodities at cheaper prices...
8) One European investor participated last year in the PP of 9,50 CAD per share (after the YPF-debacle)...
9) Demand for copper is growing. Estimated demand for next 25 years will be equal to demand of the past 150 years with the Chinese as the biggest consumer...
You also forgot to mention that the 5 Chinese companies that will make an on site visit of the Taca Taca-project in may, all signed a confiidentiality agreement with LCC.
JMHO. Go4IT6